As expected Citigroup said it will eliminate 17,000 jobs as it trims the fat from operations. Technology consolidation is a big part of the restructuring.
Between the Lines
Larry Dignan and other IT industry experts, blogging at the intersection of business and technology, deliver daily news and analysis on vital enterprise trends.
Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.
Rachel King is a staff writer for ZDNet based in San Francisco.
Notable headlines: Clock is ticking on Apple's Boot Camp beta.Ryan Naraine: Microsoft Patch Tuesday: Vista dinged again.
The guest list for Microsoft's alleged funeral is long. Over the weekend, blogger Paul Graham stirred up a Techmeme hornet nest when he declared Microsoft dead.
JP Rangaswami, CIO at BT Global Services and Confused in Calcutta blogger, responded to my post "The True Nature of Open Source," where I said the economics don't favor pure open source as a business model. First, JP makes five points, and believes that economics can favor open source, although he also recognizes that hybrids, mixing open source and proprietary code are inevitable.
The enemy of your enemy is your best pal. Just ask Viacom, which is suing Google's YouTube for $1 billion while hopping into bed with Yahoo.
Valleywag has tallied nominations (see below) for the hottest Silicon Valley startups from Linked In and Venture Beat solicitations, with Facebook leading the pack. If you look at the the companies mentioned, the term startup doesn't always come to mind.
Citigroup on Wednesday is expected to announce its restructuring plan and information technology consolidation is likely to be a big component. Bloomberg is reporting that Citigroup may cut 17,000 jobs as the result of a three month efficiency review designed to cut annual expenses by $1 billion.
Notable headlines:Ryan Naraine: Responsible disclosure, the Microsoft way.George Ou: Microsoft fights with researcher over Full Disclosure.
Salesforce.com has taken another drink from its AppExchange marketplace pool, acquiring nine-person startup Koral and its on demand content management service.
Yahoo announced the SanDisk Sansa Connect--a new Wi-Fi-enabled portable MP3 player loaded with a bevy of Yahoo services such as Yahoo Messenger, Yahoo Music and Flickr--and the early reviews are good. From our review: Price: The player (gallery at right) carries an MSRP of $250, which is slightly high for a 4GB device, but it's not unreasonable to pay a bit more for advanced technology.